RIM Shareholders Call For Change
Results 1 to 2 of 2

Thread: RIM Shareholders Call For Change

  1. #1
    ice2921's Avatar
    ice2921 is offline BlackBerryOS Grand Master Follow ice2921 On Twitter
    Join Date
    Sep 2010
    Location
    USA
    Device
    Z10
    OS
    10.0.10.684
    Carrier
    AT&T
    Posts
    2,544
    Liked
    749 times

    RIM Shareholders Call For Change



    Its not to anyone’s surprise that RIM's stock this year has been less than stellar. Rumors of the company selling its self to another tech giant have been circulating for quite some time now. In addition, key personnel have left the company to pursue other endeavors. The results of all this are that shareholders are becoming more restless as they continue to see their shares fall.

    Now shareholders are beginning to become more vocal about their investments with BlackBerry maker RIM. In a letter to the board, Vic Albioni head of Jaguar Financial, an investor in RIM, expressed his frustrations with the company, and added some pretty bold suggestions.

    “The status quo is not acceptable, the company cannot sit still,” Vic Alboini, said in a statement. “It is time for transformational change. The directors need to seize the reins to maximize shareholder value before more market value is lost.”
    Jaguar Financial holds about 5% of RIM, and is getting tired of the of RIM's lack of performance, and strategic delays
    .“RIM’s chronic underperformance and repeated delays in executing its strategy have led Jaguar to the conclusion that fundamental change at RIM is required,”
    Some of these fundamental changes proposed by Jaguar Financial was the urge for RIM to sell, and the consideration of selling of some of their patents. These are some pretty bold statements, and it seems to be what many consider to be the route that RIM should go. Is this really true considering that RIM actually had reported a good financial report last quarter? Only time will tell. However the more important question seems to be. Does this kind of frustration represent the vast majority of RIM shareholders?

    The news hasn’t been all negative for RIM this year. Let's not forget that they recently had a successful launch of their new line of OS 7 devices. The PlayBook, despite its critics, is actually one of the highest grade tablets on the market today. The future of RIM looks very promising. RIM is currently working on a new line of QNX based phones that show promise of setting the standards for mobile devices to come. RIM has also embraced Android integration within these QNX based devices, which shows they understand the importance of consumer wants.

    What are your thoughts on the current issue? Share with us in the forums.

    Last edited by TwistMyMind; 09-06-2011 at 04:25 PM.




  2. #2
    Joe Jerde's Avatar
    Joe Jerde is offline Owner | Editor-In-Chief Follow Joe Jerde On Twitter Add Joe Jerde on Facebook Add Joe Jerde on Google+ Add Joe Jerde on Linkedin Visit Joe Jerde's Youtube Channel
    Join Date
    Feb 2009
    Location
    Phoenix, AZ
    Device
    BlackBerry Z10
    OS
    10.0.9.2743
    Carrier
    Verizon
    Posts
    7,775
    Liked
    1491 times
    I'd say a lot of change has happened. I think this particular shareholder who holds a good percentage of RIM is indirectly talking to the CEO boys.

    Click the button in the bottom right of a post to say thanks!
    Downloads Center | Rules and Guidelines l BlackBerry 10 Zone

Similar Threads

  1. Replies: 3
    Last Post: 03-28-2010, 09:06 PM
  2. What a change from 4.7 to 5.0 !
    By Sporkman in forum 9630 Operating Software
    Replies: 8
    Last Post: 10-16-2009, 08:14 AM
  3. should i change from OS 4.7.151 TO 5.0
    By jb305 in forum 9530/9500 Operating Software
    Replies: 11
    Last Post: 10-15-2009, 01:33 AM
  4. Need Help To Change Screen Name
    By dcswenson in forum Site Questions & Suggestions
    Replies: 2
    Last Post: 06-14-2009, 01:00 AM
  5. 4.7.0.148 change log! Longest change log in history!!
    By Brett Wyman in forum BlackBerry News and Rumors
    Replies: 53
    Last Post: 06-02-2009, 09:19 AM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •